 |
Insurance
19-Oct-22
|
|
|
|
|
|
|
|
|
|
|
|
LIC's stake in NHPC declined from 7.2% to 5.2% in seven months
|
|
|
|
|
|
|
Country's largest insurer LIC on Wednesday said its shareholding in hydro power generator NHPC has come down to 5.2 per cent on sell down of shares over a period of time for a consideration of Rs 700.79 crore.
Corporation's shareholding in NHPC Ltd has diluted from 72,62,11,315 to 52,26,11,195 equity shares, decreasing the shareholding from 7.230 per cent to 5.203 per cent of the paid-up capital of the company, LIC said in a regulatory filing.
The state-owned insurance company sold 20,36,00,120 shares of the company at an average price of Rs 34.42 each from March 17, 2022 to October 18, 2022.
The shares were sold in open market sale in the ordinary course of transaction, which is an investment function.
Listed companies are required to disclose about change in shareholding of 2 per cent and more.
NHPC is involved in generation and sale of bulk power to various power utilities.
Stock of LIC closed at Rs 607.15 apiece on BSE, down by 0.12 per cent; NHPC stock closed 4.29 per cent down at Rs 40.20.
|
|
|
|
Previous News |
Life Insurance Corporation of India fixes record date for final dividend
(
Market Beat
-
Reports
27-May-24
19:40
)
|
|
|
LIC unveils its new whole life insurance policy ‘Jeevan Utsav’
(
Insurance
-
30-Nov-23
20:50
)
|
|
|
Life Insurance Corporation of India appoints company secretary
(
Corporate News
-
11-Dec-23
17:21
)
|
|
|
NHPC resumes works at Teesta-VI HE Project in Sikkim
(
Corporate News
-
21-Nov-23
18:57
)
|
|
|
LIC ties up with Saraswat Cooperative Bank for bancassurance partnership
(
Insurance
-
25-Aug-23
19:58
)
|
|
|
LIC's stake in Gujarat Gas goes above 5%
(
Corporate News
-
21-Sep-23
19:25
)
|
|
|
LIC Board approves infusion of Rs 25 cr in LIC MF AMC
(
Corporate News
-
11-Dec-23
12:43
)
|
|
|
Life Insurance Corporation of India hikes stake in Tata Chemicals
(
Corporate News
-
25-Aug-23
16:11
)
|
|
|
NHPC consolidated net profit rises 37.73% in the March 2023 quarter
(
Results
-
Announcements
30-May-23
07:48
)
|
|
|
Life Insurance Corporation of India announces change in senior management
(
Corporate News
-
18-Apr-24
18:52
)
|
|
|
LIC launches its new single premium guaranteed endowment policy ‘Dhan Vriddhi'
(
Insurance
-
23-Jun-23
18:40
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|